v3.26.1
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 545,683 $ 743,294
Restricted cash 5,385 4,594
Other receivables 14,393 24,649
Prepaid data assets 8,680 11,742
Other current assets 29,321 28,566
Total current assets 603,462 812,845
Restricted cash, non-current 5,752 6,033
Property and equipment, net 89,623 103,931
Operating lease right-of-use assets 40,271 45,339
Financing lease right-of-use assets 17,179 20,210
Intangible assets, net 282,888 309,903
Goodwill 160,350 162,158
Deferred tax assets 957 957
Other assets, non-current 12,186 12,754
Total assets 1,212,668 1,474,130
Current liabilities    
Accounts payable 12,672 18,118
Accrued expenses and other liabilities 56,936 70,230
Unearned revenue 27,586 37,605
Operating lease liabilities 13,249 12,663
Notes payable and financing lease liabilities 9,443 9,091
Total current liabilities 119,886 147,707
Unearned revenue, non-current 112,818 114,012
Operating lease liabilities, non-current 39,193 46,647
Notes payable and financing lease liabilities, non-current 4,753 9,564
Deferred tax liabilities 18,313 23,255
Other liabilities, non-current 2,702 2,080
Total liabilities 297,665 343,265
Commitments and contingencies (Note 7)
Stockholders’ equity    
Common stock, $0.00001 par value; 2,000,000,000 shares (Class A 1,989,032,117 and Class B 10,967,883) authorized as of June 30, 2026 and December 31, 2025; 534,120,235 shares (Class A 533,191,318, Class B — and Exchangeable 928,917) and 528,182,693 shares (Class A 521,831,046, Class B 5,547,334 and Exchangeable 804,313) issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 5 5
Additional paid-in capital 3,211,515 3,170,145
Accumulated deficit (2,324,511) (2,076,002)
Accumulated other comprehensive income 27,994 36,717
Total stockholders’ equity 915,003 1,130,865
Total liabilities and stockholders’ equity $ 1,212,668 $ 1,474,130